EVgo Inc. [EVGO] stock for 120,400 USD was sold by Levy Jonathan Maier

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. EVgo Inc. shares valued at $120,400 were sold by Levy Jonathan Maier on Aug 16. At $12.04 per share, Levy Jonathan Maier sold 10,000 shares. The insider’s holdings dropped to 20,878 shares worth approximately $0.17 million following the completion of this transaction.


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Also, Shevorenkova Olga sold 34,463 shares, netting a total of over 411,833 in proceeds. Following the sale of shares at $11.95 each, the insider now holds 0 shares.

Before that, Zoi Catherine had sold 42,083 shares from its account. In a trade valued at $484,796, the Chief Executive Officer traded EVgo Inc. shares for $11.52 each. Upon closing the transaction, the insider’s holdings decreased to 42,083 shares, worth approximately $0.48 million.

As published in their initiating research note from Jefferies on July 07, 2022, EVgo Inc. [EVGO] has been a Hold and the price target has been revised to $5.50. This represents a -52.0% premium over Thursday’s closing price. Analysts at CapitalOne upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early June. As of May 12, 2022, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for EVGO. Earlier on April 28, 2022, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for EVGO stock.

Analyzing EVGO’s Price Performance

On Thursday, EVgo Inc. [NASDAQ: EVGO] plunged -4.68% to $8.36. The stock’s lowest price that day was $8.30, but it reached a high of $8.8654 in the same session. During the last five days, there has been a drop of approximately -17.55%. Over the course of the year, EVgo Inc. shares have dropped approximately -15.90%. Shares of the company reached a 52-week high of $14.23 on 04/04/22 and a 52-week low of $5.28 on 07/05/22. A 50-day SMA is recorded $9.19, while a 200-day SMA reached $9.57. Nevertheless, trading volume fell to 1.81 million shares from 2.1 million shares the previous day.

Support And Resistance Levels for EVgo Inc. (EVGO)

According to the 24-hour chart, there is a support level at 8.15, which, if violated, would cause prices to drop to 7.94. In the upper region, resistance lies at 8.72. The next price resistance is at 9.07. RSI (Relative Strength Index) is 41.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 97.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is EVgo Inc. subject to short interest?

Stocks of EVgo Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 4.01 million shares to 24.16 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 20.15 million shares. A jump of 16.6% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.

Which companies own the most shares of EVgo Inc. (EVGO)?

According to The Vanguard Group, Inc. filings, the company currently owns 6,158,645 shares, which is about 8.91% of the total EVGO shares outstanding. The investor’s shares have appreciated by 301,770 from its previous 13-F filing of 5856875.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $39,149,534. Pictet Asset Management SA reduced a -15.97% interest valued at $29.04 million while Banque Pictet & Cie SA purchased a 328,161 stake. A total of 364,716 shares of EVgo Inc. were bought by Invesco Capital Management LLC during the quarter, and 957,132 were bought by SSgA Funds Management, Inc.. In its current portfolio, Macquarie Investment Management B holds 1,714,439 shares valued at $16.27 million.

In terms of EVgo Inc. share price expectations, FactSet research, analysts set an average price target of $12.20 in the next 12 months, up nearly 42.53% from the previous closing price of $8.77. Analysts anticipate EVgo Inc. stock to reach $16.00 by 2022, with the lowest price target being $8.00. In spite of this, 12 analysts ranked EVgo Inc. stock as an Overweight at the end of 2022. On April 21, 2022, Tudor Pickering Holt & Co. assigned a price target of “a Buy” to the stock and initiated coverage with a $16.

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